VC company Oak Hill Capital Partners acquires Alibris

Venture capitalists Oak Hill Capital Partners has acquired Alibris, an online exchange for used, hard-to-find and specialty books, music and videos. Terms were not disclosed.

Venture capitalists Oak Hill Capital Partners has acquired Alibris, an online exchange for used, hard-to-find and specialty books, music and videos. Terms were not disclosed.

“We have conducted extensive research on the used/hard to find/rare book market and related ‘long tail’ businesses,” said Bill Pade, partner with Oak Hill Capital Partners. “We are impressed with the position that Alibris has built in this market and with the quality of its management, technology, and business partnerships. We are excited about helping this company grow and prosper.”

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“Oak Hill Capital has built an unusually deep knowledge of secondary book markets, e-commerce, and the challenges of global distribution,” said Alibris CEO Martin Manley. “They know this market and are committed to helping us grow internationally, strengthen our movie and music business, and increase consumer awareness of our web site."

Manley will serve as chairman and CEO. Brian Elliott will serve as president and COO.

Oak Hill Capital Partners is a private equity firm with more than $4.6 billion of committed capital. Fort Worth financier Robert M. Bass is the lead investor.